Examples of Tranche D1 in a sentence
Voluntary prepayments under this Clause 7.1 (General) will be applied first to Tranche D2, then to Tranche D1, then to Tranche C, then to Tranche B (in reduction of Sub-Tranche B1 and then Sub-Tranche B2 and then Sub-Tranche B3) then to Tranche A and will be applied pro rata over the remaining instalments of the respective Tranche and/or Sub-Tranche.
At any time after the Scheduled First Repayment Date the Borrower may, after having given to the Agent not less than fifteen (15) Business Days’ prior irrevocable written notice to that effect, prepay any part of the amount outstanding under Tranche A, Tranche B, Tranche C, Tranche D1 and Tranche D2 on a Repayment Date in respect of such Tranche without Breakage Costs, subject to a minimum prepayment amount of EUR 5 million or the total outstanding amount, whichever is smaller.
Subject to the terms and conditions set forth herein, each Tranche D-1 Term Loan outstanding under the Existing Credit Agreement immediately prior to the New Restatement Effective Date shall remain outstanding under this Agreement as a Tranche D-1 Term Loan.
Tranche D-1 Term Loans may from time to time be Eurodollar Loans or Base Rate Loans as determined by the Borrowers and notified to the Administrative Agent in accordance with Sections 2.09 and 4.05.
On March 2, 2012 the Company entered into a forward start syndicated facility agreement for the Euro equivalent of GBP 633 million (Tranche D1), with the purpose of partially extending Tranche D of the Syndicated Facility Agreement upon its maturity.
The Noteholders under Tranche A3 have a Noteholder Put Right exercisable on the date on which, pursuant to the Tranche D review, any amounts outstanding under Tranche D1 becomes due and payable or a cancellation of commitments under Tranche D1 or a transfer of participations occurs.
If that bank’s commitment has not been transferred by the then maturity date, Tranche D1 and D2 will be repayable at that time.
The margin for Tranche A1 Bank Debt, Tranche A2 USPP Notes, Tranche A3 USPP Notes, Tranche D1 Bank Debt and Tranche D2 Bank Debt adjusts down (or up) depending on Elders’ ratio of gross debt to EBITDA.
In case of any deviation from the agreed obligations envisaged in the business plan during the realisation period, the beneficiary of incentive funds shall be obliged to deliver to the Ministry amendments to the business plan before the moment of signing of an Annex to the Agreement, agreement on mutual regulation of rights and obligations i.e. conclusion of settlement.
On December 14, 2012 Tranche D was amortized upon its maturity, but partially extended in the form of Tranche D1 under the new forward start syndicated facility agreement entered into on March 2, 2012.